XML 50 R2.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
Share data in Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues    
Natural gas sales$ 938,900,000$ 965,700,000$ 2,594,900,000$ 2,831,300,000
Services780,100,000758,700,0002,317,600,0002,248,900,000
Product sales and other476,100,000335,600,0001,294,700,0001,070,900,000
Total Revenues2,195,100,0002,060,000,0006,207,200,0006,151,100,000
Operating Costs, Expenses and Other    
Gas purchases and other costs of sales942,500,000964,600,0002,641,500,0002,829,200,000
Operations and maintenance411,800,000328,300,0001,199,900,0001,098,700,000
Depreciation, Depletion and Amortization, Nonproduction253,400,000224,100,000704,600,000674,600,000
General and administrative100,500,00093,600,000387,100,000288,100,000
Taxes, other than income taxes38,900,00041,900,000140,800,000128,100,000
Other expense (income)(900,000)200,000(14,900,000)(6,400,000)
Total Operating Costs, Expenses and Other1,746,200,0001,652,700,0005,059,000,0005,012,300,000
Operating Income448,900,000407,300,0001,148,200,0001,138,800,000
Other Income (Expense)    
Earnings from equity investments72,600,00053,700,000213,900,000155,600,000
Amortization of excess cost of investments(1,800,000)(1,400,000)(4,900,000)(4,300,000)
Interest expense(133,400,000)(134,000,000)(395,600,000)(374,900,000)
Interest income6,300,0005,000,00017,400,00017,500,000
Loss on remeasurement of previously held equity interest in KinderHawk(167,200,000)0(167,200,000)0
Other, net3,100,0005,400,00011,100,0009,800,000
Total Other Income (Expense)(220,400,000)(71,300,000)(325,300,000)(196,300,000)
Income Before Income Taxes228,500,000336,000,000822,900,000942,500,000
Income Taxes(12,200,000)(13,600,000)(33,800,000)(27,600,000)
Net Income216,300,000322,400,000789,100,000914,900,000
Net Income Attributable to Noncontrolling Interests(1,800,000)(1,600,000)(6,300,000)(7,600,000)
Net Income Attributable to Kinder Morgan Energy Partners, L.P.214,500,000320,800,000782,800,000907,300,000
Calculation of Limited Partners' Interest in Net Income (Loss)    
Net Income Attributable to Kinder Morgan Energy Partners, L.P.214,500,000320,800,000782,800,000907,300,000
Less: General Partner's interest(298,200,000)(267,300,000)(871,000,000)(609,000,000)
Limited Partners' Interest in Net Income (Loss)(83,700,000)53,500,000(88,200,000)298,300,000
Limited Partners' Net Income (Loss) per Unit$ (0.25)$ 0.17$ (0.27)$ 0.98
Weighted Average Number of Units Used in Computation of Limited Partners' Net Income (Loss) per Unit331.1310.7323.3304.7
Per Unit Cash Distribution Declared$ 1.16$ 1.11$ 3.45$ 3.27